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In this issue

A key development in February was the rising fuel prices, touching a peak of INR 100 in some states. The government blamed the Covid-induced output cuts by global oil-producing countries for the high prices at retail ends in India. Fuel prices have a cascading effect, leading to cost escalation in wholesale and retail markets, impacting the common man’s purchasing power of essential commodities. With demand for fuel increasing to pre-Covid levels oil supply cuts are posing a challenge. It is widely acknowledged that the government’s focus on housing and construction is likely to trigger further expansion of induction furnace steelmaking in India. While steel quality concerns remain at the forefront, induction furnace steel-making is poised to gain wider acceptability on low capex and higher energy efficiency. In our cover story on pg. 26, Electrotherm, a market leader in induction furnace technology, shares key insights into the emerging trends in steel refining, automation and digitalisation that are re-shaping the industry. Intervista turns the spotlight on APL Apollo, a market leader in steel structural tubes. Anubhav Gupta, Chief Strategy Officer, shares the company’s future plans on pg. 36. RINL is at the crossroads. The 100% divestment proposal is sparking protests. Company Update, on pg. 10, takes a look at the scenario. We may need to keep watching this space. Plus, we focus on a lot more. Enjoy the read.

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